HOUSTON—Northbrook, Ill.-based Prime Property Investors (PPI) has completed its first phase of unit renovations at Estates at Fountain Lake, a 13.6-acre luxury rental community in Stafford.
Since acquiring the 306-unit property last May, PPI has focused on executing a value-add strategy to enhance the property; to date, PPI has renovated 100 apartments with high-end finishes and upgrades.
"The renovations set a new standard in the Sugar Land submarket not available at other competing properties,” Barbara J. Gaffen, co-CEO of PPI, told GlobeSt.com. “Renters now have the ability to enjoy the highest level of luxury including quartz countertops and stainless-steel appliances normally only seen in very high-end single-family homes."
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